Chipotle Mexican Grill Inc (NYSE:CMG): Stock Institutional Investors Are Happy About

July 16, 2018 - By Carolyn Hewitt

Chipotle Mexican Grill, Inc. (NYSE:CMG) Logo

Sentiment for Chipotle Mexican Grill Inc (NYSE:CMG)

Chipotle Mexican Grill Inc (NYSE:CMG) institutional sentiment increased to 0.85 in Q1 2018. Its up 0.17, from 0.68 in 2017Q4. The ratio improved, as 165 hedge funds started new and increased equity positions, while 193 sold and decreased their stock positions in Chipotle Mexican Grill Inc. The hedge funds in our partner’s database reported: 23.61 million shares, up from 22.67 million shares in 2017Q4. Also, the number of hedge funds holding Chipotle Mexican Grill Inc in their top 10 equity positions increased from 3 to 7 for an increase of 4. Sold All: 53 Reduced: 140 Increased: 97 New Position: 68.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants. The company has market cap of $12.52 billion. As of December 31, 2016, the firm operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts. It has a 67.32 P/E ratio.

The stock decreased 1.48% or $6.76 during the last trading session, reaching $450.45. About 317,580 shares traded. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 10.89% since July 16, 2017 and is downtrending. It has underperformed by 23.46% the S&P500.

Analysts await Chipotle Mexican Grill, Inc. (NYSE:CMG) to report earnings on July, 26 after the close. They expect $2.78 EPS, up 19.83 % or $0.46 from last year’s $2.32 per share. CMG’s profit will be $77.27 million for 40.51 P/E if the $2.78 EPS becomes a reality. After $2.13 actual EPS reported by Chipotle Mexican Grill, Inc. for the previous quarter, Wall Street now forecasts 30.52 % EPS growth.

Pershing Square Capital Management L.P. holds 19.27% of its portfolio in Chipotle Mexican Grill, Inc. for 2.88 million shares. Slate Path Capital Lp owns 405,000 shares or 8.36% of their US portfolio. Moreover, Mig Capital Llc has 5.86% invested in the company for 118,841 shares. The -based Marshfield Associates has invested 5.25% in the stock. Independent Franchise Partners Llp, a United Kingdom-based fund reported 1.63 million shares.

Since January 1, 0001, it had 2 buys, and 0 selling transactions for $1.10 million activity.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage

Ratings analysis reveals 25% of Chipotle’s analysts are positive. Out of 28 Wall Street analysts rating Chipotle, 7 give it “Buy”, 4 “Sell” rating, while 17 recommend “Hold”. The lowest target is $240.0 while the high is $500.0. The stock’s average target of $360.09 is -20.06% below today’s ($450.45) share price. CMG was included in 61 notes of analysts from January 19, 2018. The stock has “Neutral” rating by Mizuho on Wednesday, February 7. The rating was maintained by Robert W. Baird on Thursday, May 31 with “Buy”. Morgan Stanley maintained the shares of CMG in report on Thursday, June 28 with “Equal-Weight” rating. Piper Jaffray maintained the shares of CMG in report on Wednesday, February 14 with “Buy” rating. The company was maintained on Thursday, March 8 by Wells Fargo. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Equal-Weight” rating by Barclays Capital on Thursday, April 26. The firm earned “Hold” rating on Wednesday, February 7 by Canaccord Genuity. Piper Jaffray maintained the stock with “Buy” rating in Thursday, March 15 report. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Underperform” rating given on Tuesday, June 26 by Bank of America. BMO Capital Markets maintained it with “Hold” rating and $35000 target in Wednesday, April 25 report.

More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Seekingalpha.com which released: “Chipotle to take $115M-$135M charge for store closings in restructure” on June 27, 2018, also Benzinga.com with their article: “Wall Street Remains In Shadow of Trade Uncertainty; Dollar, Crude Gain” published on June 28, 2018, Fool.com published: “Quesadillas and Milkshakes Are Filled With Risk for Chipotle” on June 26, 2018. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Fool.com and their article: “Why There Is No Magic Bullet for Chipotle” published on July 12, 2018 as well as Fool.com‘s news article titled: “Is Chipotle a Risky Hold in Light of Earnings This Month?” with publication date: July 09, 2018.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Institutional Positions Chart

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